Monday, August 4, 2008

To BobCat

My post as in Forex Factory.

Setting pending trades is exactly how I do it at the moment. With my broker, GFT, the platform is Dealbook, I set up both the long and short at the same time. It's a parent & contingences order...Parent being the Long Stop order which is only opened when the price is hit, then only will the stop loss and take profit order gets activated.

Vice versa for short entry.

So for short, to wait an entry, I'll have 6 orders set up. 3 for long, 3 for short.

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